SAN FRANCISCO When Google introduced its Google Glass smart glasses four years ago, it turned to Glass-sporting sky divers buzzing a San Francisco convention center, Glass-adorned models at a glitzy fashion show and a Twitter campaign to notify early “Glass Explorers” of their luck in snagging a pair. This year, when Microsoft showed off an early edition of its HoloLens augmented-reality goggles, it took the opposite approach: […]
This is the age of the disgruntled — in domestic politics and foreign affairs alike. Anti-establishment sentiment within countries is somehow echoed by the way the rule book of international relations is being torn up. These dynamics feed on each other. They are at play in America (the rise of Donald Trump), Europe (growing populism) and Asia (nationalism and an arms race). Finding a way to […]
NEW DELHI/MUMBAI Apple Inc chief Tim Cook met Prime Minister Narendra Modi on Saturday, concluding a four-day trip to India that could set the stage for Apple’s expansion plans in one of the world’s fastest growing smartphone markets. Modi and Cook met for an hour in central Delhi and discussed Apple’s plans for its India business, including the possibility of manufacturing and retailing in the country. Apple […]
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo BRUSSELS – EU state aid regulators aim to rule on Amazon’s tax deal with Luxembourg by July, two people familiar with the matter said on Thursday, and it may order the country’s tax authorities to recover about 400 million euros ($448 million) in back taxes. The […]
A security guard keeps watch as he walks past a logo of Google at an exhibition stage during the 4th China (Shanghai) International Technology Fair 2016 in Shanghai, China, April 21, 2016. Reuters/Aly Song WASHINGTON Google has no plans to expand its partnership with Fiat Chrysler Automobiles NV to create a self-driving car, the program chief at the Alphabet Inc unit said on Thursday, affirming that the […]
A security guard keeps watch as he walks past a logo of Google at an exhibition stage during the 4th China (Shanghai) International Technology Fair 2016 in Shanghai, China, April 21, 2016. Reuters/Aly Song LONDON Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union […]
|By Arabian Post Staff|The heads of governments of two tax havens, under spotlight for disclosures of corruption and black money, advised major world players including the US to set their own houses in order before bullying small territories like theirs. Addressing an anti-corruption summit in London on Thursday, Allan Bell, chief minister of the Isle of Man, and Cayman Islands Premier Alden McLaughlin called on the U.S. and […]
DUBAI // A group of five cyclists are laying claim to being the first riders to bike through all seven emirates in less than 24 hours. Team leader Roisin Thomas said the group completed the feat in about 21 hours. Starting at 5.30am in Abu Dhabi on Wednesday, the Irish national said the group finished at 2.30am on Thursday morning – about 15 minutes ahead of schedule […]
|By Arabian Post Staff| Iran’s leading private bank, Bank Mellat, won a major legal battle against the UK Treasury in its claim of $4 billion damages for the sanctions imposed on it in 2009, when the English Court of Appeal, presided by Lord Chief Justice Thomas of Cwmgiedd, upheld the bank’s claim that damages should cover loss to future income as well. Bank Mellat brought this claim […]
Facebook CEO Mark Zuckerberg speaks on stage during the Facebook F8 conference in San Francisco, California April 12, 2016. Reuters/Stephen Lam A U.S. Senate committee launched an inquiry on Tuesday into how social media website Facebook selects its news stories after a report that company employees blocked news about conservative issues from its “trending” list. The Senate Committee on Commerce, Science and Transportation asked Facebook […]
Separate investigations by the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC) have been launched into how smartphone makers and wireless service providers handle device security updates for their customers. Following a resolution adopted by FTC commissioners Friday, the agency is ordering eight mobile device companies to submit information about how and when they decide to issue security patches for vulnerabilities. The companies that must […]
One of the creators of the artificial intelligence (AI) behind Siri, the digital assistant acquired by Apple in 2010, today demonstrated a next-generation AI called Viv that he said could eventually let people “converse” with any smart device in the Internet of things. Siri creator Dag Kittlaus currently runs a San Jose startup called Viv Labs, founded with fellow Siri creator Adam Cheyer. (Another Siri creator, Tom […]
|By Matein Khalid| Habib Bank Ltd is one of the Pakistan’s oldest, biggest retail/corporate banks, privatized last year with a 51% controlling stake held by the Aga Khan Fund for Economic Development. Its recent price fall from 240 to 172 rupees (PKR, not INR!) is a compelling opportunity to own an undervalued, well managed proxy for consumption and credit offtake in a 190 million population country now […]
A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. Reuters/Dado Ruvic Facebook Inc (FB.O) is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter. The app, being developed by Facebook’s “friend-sharing” team in London, is in its early stages […]
DUBAI // Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, wants driverless transport to account for 25 per cent of journeys in the emirate by 2030. The announcement was made on the opening day of the second Mena Transport Congress and Exhibition, an event organised by the Roads and Transport Authority – as a 10-seater driverless vehicle went on a trial run in the emirate. […]
UAE. The latest Global Economic Conditions Survey from ACCA and IMA, released today, found that more half of firms are either cutting or freezing employment, while only 14% are increasing investment in staff. Responding to the findings, Faye Chua, ACCA head of business focus said: “Take North America out of the equation and the economic picture painted by this survey isn’t a pretty one. Emerging markets are […]
INTERNATIONAL. There are now approximately 1,300 corporate venture funds worldwide and in 2015 US$28b of corporate venture capital (CVC) flowed into over 1,300 deals across a range of sectors[1]. The growth in the CVC market is explored in a new EY report, The Innovation Paradox, which, through data analysis and in-depth interviews with a range of corporate fund managers, looks at the variety of strategies, approaches and […]
As we commemorate the 47th annual Earth Day, the U.S. Environmental Protection Agency (EPA) has a message for individuals or businesses thinking about throwing old electronic equipment and gadgets in the trash: Don’t. The agency, along with many other public and private organizations, is encouraging people to find ways to re-use or recycle the electronic machines and devices that seem to be produced by the millions each […]
As we commemorate the 47th annual Earth Day, the U.S. Environmental Protection Agency (EPA) has a message for individuals or businesses thinking about throwing old electronic equipment and gadgets in the trash: Don’t. The agency, along with many other public and private organizations, is encouraging people to find ways to re-use or recycle the electronic machines and devices that seem to be produced by the millions each […]
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter. Klein is providing strategic advice to the government, while JPMorgan is working on preparations for the IPO and may be among the banks that underwrite the listing, the […]
|By Matein Khalid| While the S&P500 fell only 1.2% last week, things will get uglier in April and May. Fed chair Yellen is playing with fire in talking down US interest rates and inflation risk. The Volatility Index (VIX), Wall Street’s barometer of greed and fear, does not capture the rising global financial and political risks at only 15. Market breadth, sector divergence, smart money flows, sentiment, leadership, […]
|By Arabian Post Staff| The cut in housing allowances implemented by companies in Abu Dhabi is creating further strain on the higher end of the emirate’s residential market, according to Cluttons Abu Dhabi Spring 2016 Property Market Outlook. This underscores the need to address the capital’s lack of affordable housing options, Cluttons said. Cluttons’ Abu Dhabi Spring 2016 Property Market Outlook report shows that the shrinking pool of […]
|Arabian Post Staff| Dubai Group, a member of the Dubai Holding, has hired Emirates NBD to help find a buyer for its stake in investment bank Shuaa Capital, Bloomberg reported quoting two people familiar with the matter. The sale process is at an early stage and may not result in a deal, Bloomberg quoted the sources as saying. But the sources were not identified as the talks are […]
|By Alaa Alghamdi| Military force is the most extreme example of use of power. There are many alternatives. Soft uses of power, such as appeals, firmer uses that injure; and between these two there is a large space for diplomacy, media discussions, and more. Regardless of whichever tactic used, credibility comes from the ability to start a real confrontation. Simply the ability to resort to military tactics can be enough to dissuade, to prevent explosive situations and all-out war. Building this kind […]
